Part 11 - Risk-off August - US30USD 4H
Updated
DOW30 – Resistance & Support:
Resistance: 25425.00 / 26050.00 / 26400.00 / 26700.00
Support: 25225.00 / 24900.00 / 24300.00 / 24000.00 / 23450.00 / 22750.00 / 22200.00
DOW30 – Summary:
Expected to complete Intermediate B (red) correction around the 25425.00 Levels.
Impulsive Bearish Wave expected to start around the 25425.00 Levels.
If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 26050.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then DOW30 could pose sharp losses even until the 22200.00 levels.
Resistance: 25425.00 / 26050.00 / 26400.00 / 26700.00
Support: 25225.00 / 24900.00 / 24300.00 / 24000.00 / 23450.00 / 22750.00 / 22200.00
DOW30 – Summary:
Expected to complete Intermediate B (red) correction around the 25425.00 Levels.
Impulsive Bearish Wave expected to start around the 25425.00 Levels.
If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 26050.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then DOW30 could pose sharp losses even until the 22200.00 levels.
Note
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